Published: 2025-04-03T01:06:06.000Z
Chart USD/JPY Update: Extending losses
Technical Analyst
1
Consolidation above the 148.70 low of Monday has given way to selling pressure through the 148.55 support and 148.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.00/30 | ** | congestion, Mar high | S1 | 147.40 | * | 13 Mar low | |
| R3 | 150.00 | * | congestion | S2 | 146.54 | ** | 11 Mar YTD low | |
| R2 | 149.00 | * | congestion | S3 | 146.00 | * | congestion | |
| R1 | 148.70 | * | 31 Mar low | S4 | 145.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Consolidation above the 148.70 low of Monday has given way to selling pressure through the 148.55 support and 148.00 level. Below the latter see room for further losses to the 147.40 support then the 146.54, March current year low. Below the latter will extend the broader losses from the 158.87 high of January to retrace rally from the September low. Meanwhile, resistance is lowered to the Monday's low at 148.70 and this extend to the 149.00 congestion area. This area is expected to cap and sustain losses from the 151.30 high.